Healthcare - Medical - Healthcare Information Services - NASDAQ - US
$ 1.16
-3.33 %
$ 6.57 M
Market Cap
-0.48
P/E
Healthcare Triangle, Inc., a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and enhance the digital transformation. The company's software platforms include CloudEz, an enterprise multi-cloud transformation and management platform that enables customers to manage their cloud infrastructure across private, hybrid, and public cloud infrastructures; and DataEz, a cloud-based data analytics and data science platform for the data analytics and data science requirements of life sciences/pharmaceutical and healthcare provider organizations.[ Read More ]
The intrinsic value of one HCTI stock under the base case scenario is HIDDEN Compared to the current market price of 1.16 USD, Healthcare Triangle, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart HCTI
FINANCIALS
33.2 M
REVENUE
-11.3 M
OPERATING INCOME
-12.3 M
NET INCOME
-1.61 M
OPERATING CASH FLOW
-13 K
INVESTING CASH FLOW
1.52 M
FINANCING CASH FLOW
2.41 M
REVENUE
-1.17 M
OPERATING INCOME
-1.25 M
NET INCOME
715 K
OPERATING CASH FLOW
0
INVESTING CASH FLOW
-716 K
FINANCING CASH FLOW
Balance Sheet Decomposition
Healthcare Triangle, Inc.
| Current Assets | 5.73 M |
| Cash & Short-Term Investments | 1.23 M |
| Receivables | 3.24 M |
| Other Current Assets | 1.26 M |
| Non-Current Assets | 4.32 M |
| Long-Term Investments | 0 |
| PP&E | 44 K |
| Other Non-Current Assets | 4.28 M |
| Current Liabilities | 8.12 M |
| Accounts Payable | 1.95 M |
| Short-Term Debt | 3.43 M |
| Other Current Liabilities | 2.74 M |
| Non-Current Liabilities | 1.39 M |
| Long-Term Debt | 888 K |
| Other Non-Current Liabilities | 500 K |
EFFICIENCY
Earnings Waterfall
Healthcare Triangle, Inc.
| Revenue | 33.2 M |
| Cost Of Revenue | 26.4 M |
| Gross Profit | 6.78 M |
| Operating Expenses | 18.1 M |
| Operating Income | -11.3 M |
| Other Expenses | 991 K |
| Net Income | -12.3 M |
RATIOS
20.41%
GROSS MARGIN
-34.18%
OPERATING MARGIN
-37.16%
NET MARGIN
-2293.49%
ROE
-122.79%
ROA
-234.40%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Healthcare Triangle, Inc.
| Net Income | -12.3 M |
| Depreciation & Amortization | 7.23 M |
| Capital Expenditures | -13 K |
| Stock-Based Compensation | 17 K |
| Change in Working Capital | 3.43 M |
| Others | 650 K |
| Free Cash Flow | -1.62 M |
Wall Street Analysts Price Targets
Healthcare Triangle, Inc.
HCTI has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Healthcare Triangle, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Zacks Initiates Coverage of Healthcare Triangle With Underperform Recommendation
Discover why Zacks rates Healthcare Triangle as "Underperform", being the first on Wall Street to initiate coverage on the stock. Explore HCTI's heavy reliance on top clients amid liquidity issues and ongoing losses.
zacks.com
- 2 months ago
Healthcare Triangle Breaks New Ground in AI-Powered Patient Data Management with readabl.ai
PLEASANTON, Calif., April 03, 2024 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc. (Nasdaq: HCTI) (“Healthcare Triangle,” “HCTI” or the “Company”), In a pioneering move, a leading health system has partnered with Healthcare Triangle to utilize a groundbreaking cloud-based AI and machine learning solution. This collaboration establishes a revolutionary benchmark in the management and utilization of patient data, ultimately elevating the standards for enhanced care delivery.
globenewswire.com
- 7 months ago
Healthcare Triangle, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
PLEASANTON, Calif., March 15, 2024 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc. (Nasdaq: HCTI) (“Healthcare Triangle,” “HCTI” or the “Company”), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, data analytics and AI data processing for the healthcare and life sciences industries, today announced financial results for its fourth quarter and full year ended December 31, 2023.
globenewswire.com
- 8 months ago
Healthcare Triangle, Inc. Appoints Anand Kumar as Interim CEO
PLEASANTON, Calif., March 12, 2024 (GLOBE NEWSWIRE) -- Healthcare Triangle Inc. (Nasdaq: HCTI) (“Healthcare Triangle,” “HCTI” or the “Company”), a frontrunner in healthcare technology has announced the appointment of Anand Kumar as the interim Chief Executive Officer alongside his current role as the Chief Revenue Officer.
globenewswire.com
- 8 months ago
Empowering the Future of Healthcare: How Healthcare Triangle's AI Initiative Sets a New Standard in Patient Care Excellence
PLEASANTON, Calif., March 01, 2024 (GLOBE NEWSWIRE) -- Healthcare Triangle Inc. (Nasdaq: HCTI) (“Healthcare Triangle,” HCTI” or the “Company”), embarks on a major initiative to integrate Artificial Intelligence (AI) and Large Language Models (LLMs) into healthcare, the message is clear: the future of healthcare is unforgiving, and organizations must adapt to AI-enhanced operations or risk significant setbacks. With Grand View Research estimating the AI in healthcare market projected to soar to $53.0 billion by 2024, Healthcare Triangle positions itself at the forefront, offering sophisticated ML models and LLMs to drive unparalleled patient outcomes in a landscape where being AI-enabled is not an option, but a necessity.
globenewswire.com
- 8 months ago
Healthcare Triangle Empowers Healthcare Providers to Harness AI and LLMs for Groundbreaking Outcomes
Company's latest initiative addresses growing demand for AI analytics to revolutionize patient care PLEASANTON, Calif., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Healthcare Triangle Inc. (Nasdaq: HCTI) (“Healthcare Triangle,” HCTI” or the “Company”), a leader in transforming healthcare through technology, today unveiled an initiative aimed at enabling healthcare organizations to harness the full potential of their organic data through Artificial Intelligence (AI) and Large Language Models (LLMs).
globenewswire.com
- 8 months ago
Healthcare Triangle Announces Cost Reduction Initiatives to Achieve Profitability
Strategic initiatives are expected to generate an estimated annualized savings of $3 million – $4 million in FY2024
globenewswire.com
- 9 months ago
Healthcare Triangle Unveils New SaaS Solutions to Drive Digital Transformation and AI Integration in Healthcare
Company positioned at forefront of $208 billion global AI in healthcare market by 2030 PLEASANTON, Calif., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Healthcare Triangle Inc. (Nasdaq: HCTI) (“Healthcare Triangle,” “HCTI” or the “Company”), a frontrunner in healthcare technology, announces a groundbreaking move with the launch of a new SaaS solutions designed to spearhead digital transformation and AI integration in the healthcare sector.
globenewswire.com
- 9 months ago
Healthcare Triangle Empowers Healthcare Security Management with AI TRiSM Framework Integration, Enhances AI Offerings with CloudEz and DataEz Platforms
Digital transformation leader advances AI technology and healthcare security PLEASANTON, Calif., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc. (Nasdaq: HCTI) (“Healthcare Triangle,” “HCTI” or the “Company”), a leader in transforming healthcare through technology, proudly announces the integration of the AI Trust, Risk, and Security Management (AI TRiSM) framework into its operations.
globenewswire.com
- 9 months ago
Healthcare Triangle, Inc. to Participate at the 2024 MUSE Executive Institute
PLEASANTON, Calif., Jan. 05, 2024 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc. (Nasdaq: HCTI) (“Healthcare Triangle,” “HCTI” or the “Company”), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, data analytics, and AI data processing for the healthcare and life sciences industries, announced that it will sponsoring and participating at the 2024 MUSE Executive Institute, being held Jan 7th-9th, 2024 at The Resort at Pelican Hill in Newport Beach, California.
globenewswire.com
- 10 months ago
Healthcare Triangle, Inc. Completes $2.0 Million Private Placement Debt Offering
PLEASANTON, Calif., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc. (Nasdaq: HCTI) (“Healthcare Triangle,” “HCTI” or the “Company”), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, data analytics, and AI data processing for the healthcare and life sciences industries, announced the execution on December 28, 2023 of a securities purchase agreement with an institutional investor for the sale of $2.0 million in aggregate principal amount of its senior secured 15% original issue discount convertible promissory notes, due June 28, 2025, along with warrants to purchase 357,500 shares of common stock with an exercise price of $3.44688 per share in a private placement transaction (the “Offering”). Due to the original issue discount, the Company received gross proceeds of approximately $1.7 million and net proceeds, after deducting offering expenses, of approximately $1.5 million. There may be additional potential closings, for up to an additional $3.2 million aggregate principal amount, subject to additional conditions detailed in the transaction documents.
globenewswire.com
- 10 months ago
Healthcare Triangle Reports Third Quarter 2023 Results
PLEASANTON, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc. (Nasdaq: HCTI) (“HCTI” or the "Company"), a leader in digital transformation solutions including managed services, cloud enablement, cybersecurity, data analytics, and AI data processing for the healthcare and life sciences industries, today announced results for the third quarter of 2023 ended September 30, 2023.
globenewswire.com
- 1 year ago
8. Profile Summary
Healthcare Triangle, Inc. HCTI
COUNTRY
US
INDUSTRY
Medical - Healthcare Information Services
MARKET CAP
$ 6.57 M
Dividend Yield
0.00%
Description
Healthcare Triangle, Inc., a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and enhance the digital transformation. The company's software platforms include CloudEz, an enterprise multi-cloud transformation and management platform that enables customers to manage their cloud infrastructure across private, hybrid, and public cloud infrastructures; and DataEz, a cloud-based data analytics and data science platform for the data analytics and data science requirements of life sciences/pharmaceutical and healthcare provider organizations. It also provides Readabl.AI, a Software-as-a-Service solution that uses public cloud artificial intelligence and machine learning to recognize and extract healthcare information from documents, faxes, and narrative reports. In addition, it offers cloud IT services; and healthcare IT services, such as electronic health records and software implementation, optimization, and extension to community partners, as well as application managed services, and backup and disaster recovery on public cloud. The company primarily serves healthcare delivery organizations, healthcare insurance companies, pharmaceutical and life sciences, biotech companies, and medical device manufacturers. Healthcare Triangle, Inc. was incorporated in 2019 and is based in Pleasanton, California. Healthcare Triangle, Inc. operates as a subsidiary of SecureKloud Technologies, Inc.
Contact
4309 Hacienda Drive, Pleasanton, CA, 94588
https://www.healthcaretriangle.com
IPO Date
Oct. 13, 2021
Employees
22
Officers
Mr. Chris Paalman
Director of Engineering & Operations
Mr. Thyagarajan Ramachandran
Chief Financial Officer
Mr. Shibu Kizhakevilayil
Head of M&A and Director